State Farm Bank® delivers competitive interest rates on a host of checking and savings accounts, low APRs on credit cards, and affordable rates on home and vehicle loans. Enter your ZIP Code below to see the current rates for your area.

Fixed-Rate Mortgages

With a fixed-rate mortgage you have the comfort of knowing that the monthly principal and interest
(P&I) payment for your home will be the same for the life of your loan. With the benefit of different terms you can:

Make the choice to have a lower, more affordable monthly payment with a longer-term
loan.

Increase the equity in your home faster by making a higher payment with a shorter-term loan
so that your loan is paid off faster.

Pay additional amounts to be applied to your principal balance with your monthly payment,
with no prepayment penalties. This allows you to build the equity in your home faster, while still having the benefit of the lower required monthly payment that comes
with a longer-term loan (as compared to a shorter-term loan for the same amount initially financed).

Interest rates and Annual Percentage Rates (APR) are for informational purposes only and are based on current market rates. These rates are subject to change without notice and may vary based on property type, loan amount, loan-to-value ratio, credit score and other variables. Ineligible property types are condominiums, town homes, rental, vacation or investment properties and other non-owner occupied properties and certain non-site built homes. The amount of your loan will be established after your application is submitted to State Farm Bank directly or through a mortgage licensed State Farm agent.

APR is the effective cost of your loan on a yearly basis. Items such as interest, most closing costs, loan origination fees and discount points. Your monthly payment is based on the interest rate on your promissory note, not on APR. Call for information to obtain a rate quote and rate lock specific to your situation.

Below Annual Percentage Rates (APR) are effective as of 03/03/2015 and based on the following assumptions, APRs are subject to change without notice.

Loan Assumptions

Loan-to-value (LTV)

80%

Down payment

20%

Loan Amount

$150,000 (conforming) $417,500 (high balance and jumbo)

Loan Purpose

Purchase

Property use

Owner-occupied

Lien Position

First

Property type

Single family residence

Property state

Credit Score

IL (conforming/jumbo) / CA (high balance)

FICO of 720

Prepayment penalty

None

Rate lock period

60 days

Call for information to obtain a rate quote and rate lock specific to your situation. (This is not an offer of a rate lock.)

Fixed Rates

Fixed Rates

Annual Percentage Rates

Monthly Principal and Interest Payment**

30 Year Conforming

3.938%

$705.37

30 Year High Balance

3.898%

$1,963.25

30 Year Jumbo

4.023%

$1,993.22

25 Year Conforming

3.948%

$781.45

25 Year Jumbo

4.026%

$2,203.73

20 Year Conforming

3.838%

$889.34

20 Year Jumbo

3.907%

$2,502.56

15 Year Conforming

3.236%

$1,044.92

15 Year High Balance

3.165%

$2,908.35

15 Year Jumbo

3.165%

$2,908.35

10 Year Conforming

3.161%

$1,448.42

10 Year Jumbo

3.058%

$4,031.42

* Annual Percentage Rates and principal and interest payment can increase after consummation for any adjustable loans.

** Payments do not include amounts for taxes and insurance premiums which when added will make the actual payment obligation greater.

Adjustable Rate Mortgages

State Farm Bank® adjustable rate mortgages (ARMs) may offer you the benefit of lower interest rates and monthly payments. The rates are fixed for an initial period of time (depending on the adjustment period of the loan), after which they are adjusted annually.2 The best loan for you may be determined by how long you plan to stay in your home.

If you stay in your home for less than five years, a shorter-term adjustable rate mortgage may be your best option; this would allow you to have a lower initial monthly payment.

If you're planning on staying in your home longer, look to our longer-term adjustable rate mortgages that offer you the initial stability of a fixed rate and payment for a set time, yet a payment that may be lower than the fixed-rate mortgage options.

You can pay additional amounts to be applied to your principal balance with your monthly payment, with no prepayment penalties.

State Farm Bank ARM rates are based off of the LIBOR Index.3

2 It is important to note that future adjustment periods may eventually raise the interest rate above prevailing fixed-rate loans of a similar term.

3 LIBOR is an abbreviation for the "London Interbank Offered Rate." LIBOR is used as a base index for setting rates of some adjustable rate financial instruments, including interest-only loans and other adjustable rate mortgage programs.

State Farm Bank® Offers a Variety of Adjustable-Rate Mortgage Products

A fixed interest rate for the first 5 years, which then may adjust annually. The first adjustment cannot exceed 2%. Annual rate adjustments thereafter cannot exceed 2% with a lifetime cap of 5% above the initial interest rate.

A fixed interest rate for the first 5 years, which then may adjust annually. The first adjustment cannot exceed 2%. Annual rate adjustments thereafter cannot exceed 2% per year with a lifetime cap of 5% above the initial interest rate.

A fixed interest rate for the first 7 years, which then may adjust annually. The first adjustment cannot exceed 2%. Annual rate adjustments thereafter cannot exceed 2% with a lifetime cap of 5% above the initial interest rate.

A fixed interest rate for the first 5 years, which then may adjust annually. The first adjustment cannot exceed 2%. Annual rate adjustments thereafter cannot exceed 2% per year with a lifetime cap of 5% above the initial interest rate.

Interest rates and Annual Percentage Rates (APR) are for informational purposes only and are based on current market rates. These rates are subject to change without notice and may vary based on property type, loan amount, loan-to-value ratio, credit score and other variables. Ineligible property types are condominiums, town homes, rental, vacation or investment properties and other non-owner occupied properties and certain non-site built homes. The amount of your loan will be established after your application is submitted to State Farm Bank directly or through a mortgage licensed State Farm agent.

APR is the effective cost of your loan on a yearly basis. Items such as interest, most closing costs, loan origination fees and discount points. Your monthly payment is based on the interest rate on your promissory note, not on APR. Call for information to obtain a rate quote and rate lock specific to your situation.

Below Annual Percentage Rates (APR) are effective as of 03/03/2015 and based on the following assumptions, APRs are subject to change without notice.

Loan Assumptions and Monthly Estimates

Loan-to-value (LTV)

80%

Down payment

20%

Loan Amount

$150,000 (conforming) $417,500 (jumbo)

Loan Purpose

Purchase

Property use

Owner-occupied

Lien Position

First

Property type

Single family residence

Property state
Credit Score

IL
FICO of 720

Prepayment penalty

None

Rate lock period

60 days
Call for information to obtain a rate quote and rate lock specific to your situation. (This is not an offer of a rate lock.)

Loan Assumptions and Monthly Estimates

LIBOR Adjustable Rate

Annual Percentage Rate*

Monthly Initial Principal Interest Payment**

After Initial Principal and Interest Payment **

3/1 Conforming

3.213%

$652.82 for 36 months

$643.42 after 36 months

3/1 Jumbo

3.065%

$1,704.42 for 36 months

$1,781.19 after 36 months

5/1 Conforming

3.186%

$642.57 for 60 months

$642.57 after 60 months

5/1 Jumbo

3.060%

$1,732.19 for 60 months

$1,780.34 after 60 months

7/1Conforming

3.360%

$673.58 for 84 months

$648.61 after 84 months

7/1 Jumbo

3.147%

$1,788.72 for 84 months

$1,788.47 after 84 months

* Annual Percentage Rates and principal and interest payment can increase after consummation for any adjustable loans.

** Payments do not include amounts for taxes and insurance premiums which when added will make the actual payment obligation greater.

Home Affordable Refinance Program

Let your good neighbor help you refinance your home, even if you owe more than you can sell it for in
today's market. State Farm Bank® is participating in the Home Affordable Refinance Program (HARP), created by
the federal government and offered on loans owned/guaranteed by Fannie Mae. This program currently assists customers who do not have enough equity to qualify for the
standard refinance options.

Freddie Mac and Fannie Mae have adopted changes to the
Home Affordable Refinance Program (HARP) and you may be eligible to take advantage of these changes. This program may be available to assist you if your
home's value has significantly decreased resulting in you owing more on your loan than your house is currently valued. You must be current on your mortgage payments
and want to:

lower your payment,

obtain a more stable product (fixed vs. adjustable), or

pay off your home quicker by refinancing into a shorter-term loan.

If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to
refinance your mortgage under the enhanced and expanded provisions of HARP. You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by
checking the following websites:

Related Products

State Farm Bank®, Bloomington, Illinois, is a Member FDIC and Equal Housing Lender. NMLS ID 139716. The other products offered by affiliate companies of State Farm Bank are not FDIC insured, not a State Farm Bank obligation or guaranteed by State Farm Bank, and subject to investment risk, including possible loss of principal invested. Contact State Farm Bank toll-free at 877-SF4-BANK (877-734-2265). Callers who are hearing or speech impaired should dial 711 or use a preferred Telecommunications Relay Service.